The outlook is bleak in terms of government providing for the common welfare and common defense. We have a coup d’etat that is a fait accomplit. The job is finished. Wall Street and the insurance companies are running the country. So it is up to us to go with the flow and have them wondering […]

Tags: black letter law, Chapter 13, cram down, due process, Eric Holder, regulation, Senate Judiciary Committee
Posted in bubble, Corruption, Eviction |

AP IMPACT: US diluted loan rules before crash – Gov’t rejected tougher mortgage rules in 2005 WASHINGTON – The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the […]

Tags: defaults, foreclosure defense, foreclosure offense, foreclosures, regulation
Posted in bubble, Eviction |

Healthcare Madness: Stem Cell Furor You must remember the simple American health care formula: if insurance covers it, it gets done. Insurance only covers it if the overall revenue and profit picture for big Pharma and insurance is maintained or enhanced. The big LIE in the United States that we have all subscribed to until […]

Tags: Cell treatment, drugs, free market, Medicare, Part D, regulation, socialism, socialized education, socialized medicine, Stem Cells
Posted in bubble, Corruption |

That’s Trillion with a “T” Most people agree that we can’t correct the problems that are still unfolding unless we admit the severity of the problem. The current estimates of a maximum of $450 billion damage are absolute lies designed to give reassurance to people who could and probably should cut and run. As long […]

Tags: credit, inflation, liquidity, measurement, Paulson, regulation
Posted in bubble, Corruption, Eviction, securities fraud |

You can argue all you want on paper with equations and philosophical arguments, but a simple human fact remains true — if people do not feel any moral sense of accountability they will not act in accordance with a reasonable standard of good character. Without character the entire society, and of course the economy, goes […]

Tags: attorney general, bailout, Character, congress, money, Paulson, regulation, States, Treasury
Posted in bubble, Corruption, Eviction |

Mortgage Meltdown: Socialized Losses and Expenses The root of any solution to the current credit crisis and meltdown is politics, which is simply a consensus of opinion. When people consent to an idea like “free market” it seems to work because we make it work. The fact is that we don’t have a free market, […]

Tags: BEAR STEARNS, Federal reserve, free market, military, regulation, socialism, socialized education, socialized medicine
Posted in bubble, Corruption, Eviction, securities fraud |

Mortgage Meltdown Remedial Legislation Barney Frank has a good idea that will work. Mortgage notes must be reduced without penalty to borrowers, and of course continue the tax exemption for short sale.  Cooperation will be needed by FDIC, Federal Reserve, SEC, FASB, IRS, Controller of Currency and Treasury Department.  I would add the following AFTER […]

Tags: Barney Frank, credit cards, liquidity, Mortgage, payday loans, regulation, write-down
Posted in bubble, Eviction, securities fraud |